{"id":7812,"date":"2026-04-09T07:35:35","date_gmt":"2026-04-09T07:35:35","guid":{"rendered":"https:\/\/globalnewstoday.uk\/index.php\/2026\/04\/09\/libya-announces-new-oil-and-gas-discovery-in-key-basin-news-az\/"},"modified":"2026-04-09T07:35:35","modified_gmt":"2026-04-09T07:35:35","slug":"libya-announces-new-oil-and-gas-discovery-in-key-basin-news-az","status":"publish","type":"post","link":"https:\/\/globalnewstoday.uk\/index.php\/2026\/04\/09\/libya-announces-new-oil-and-gas-discovery-in-key-basin-news-az\/","title":{"rendered":"Libya announces new oil and gas discovery in key basin &#8211; News.az"},"content":{"rendered":"<p>Feels like: <span class=\"temp_c\">11.8\u00b0C<\/span><span class=\"temp_f\" style=\"display: none;\">11.8\u00b0F<\/span>  | Partly cloudy<\/p>\n<p><strong> National Oil Corporation (NOC) announced on Wednesday a new oil and gas discovery in the Ghadames Basin, located in the southwest of Libya. <\/strong><br \/>In a statement, the NOC said drilling operations reached a final depth of 8,440 feet, with production rates estimated at approximately 13 million cubic feet of gas per day, along with 327 barrels per day of condensate from the Ouinat Wanin and Ouinat Kaza formations, <a href=\"https:\/\/news.az\/\">News.Az<\/a> reports, citing <a target=\"_blank\" href=\"https:\/\/english.news.cn\/africa\/20260409\/d4b41f6bf8af4776adcce7a610dcf854\/c.html\" rel=\"nofollow\">Xinhua<\/a>.<br \/>The Ghadames Basin lies in a border region shared by <a href=\"https:\/\/news.az\/news\/libyas-oil-tensions-spark-european-fears-reflecting-hormuz-crisis\">Libya<\/a>, <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Algeria<\/span><\/span>, and <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Tunisia<\/span><\/span>, about 600 to 620 kilometers southwest of <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Tripoli<\/span><\/span>.  \t\t\t\t\t\t\t<\/p>\n<div class=\"recommended_news\">\n<h2 class=\"recommended_title\">RECOMMENDED STORIES<\/h2>\n<ul>\n<li>  \t\t\t\t\t\t\t\t\t\t<a class=\"recommended_url\" href=\"https:\/\/news.az\/news\/russia-pushes-sanctioned-lng-to-asian-buyers-at-discount\">Russia pushes sanctioned LNG to Asian buyers at discount<\/a>  \t\t\t\t\t\t\t\t\t<\/li>\n<li>  \t\t\t\t\t\t\t\t\t\t<a class=\"recommended_url\" href=\"https:\/\/news.az\/news\/bangladesh-pivots-to-india-for-fuel-and-diplomacy\">Bangladesh pivots to India for fuel and diplomacy<\/a>  \t\t\t\t\t\t\t\t\t<\/li>\n<li>  \t\t\t\t\t\t\t\t\t\t<a class=\"recommended_url\" href=\"https:\/\/news.az\/news\/uk-approves-largest-solar-farm-amid-energy-crisis\">UK approves largest solar farm amid energy crisis<\/a>  \t\t\t\t\t\t\t\t\t<\/li>\n<li>  \t\t\t\t\t\t\t\t\t\t<a class=\"recommended_url\" href=\"https:\/\/news.az\/news\/hungary-russia-ink-12-point-plan-for-stronger-relations\">Hungary, Russia ink 12-point plan for stronger relations<\/a>  \t\t\t\t\t\t\t\t\t<\/li>\n<\/ul><\/div>\n<p>It is regarded as one of the most important hydrocarbon basins in North Africa due to its considerable oil and gas reserves.<br \/>Oil and gas exports remain Libya&rsquo;s primary source of revenue, although production has been repeatedly disrupted in recent years amid ongoing conflict and political instability.<br \/><a href=\"https:\/\/news.az\/\">News.Az<\/a>&nbsp;<br \/> \t\t\t\t\t\t\t\t\t\t\t\tNews.Az is an Azerbaijani informational-analytical news portal that publishes a wide range of content, including analytical materials,  \t\t\t\t\t\t\t\t\t\t\t\tin-depth articles, insightful commentaries, and the latest news. \t\t\t\t\t\t\t\t\t\t\t<br \/>\u00a9 2009-2026\t\t\t\t\t\t\t<a style=\"color: #bcc9ca;text-decoration: underline;\" href=\"https:\/\/news.az\/\" title=\"news.az\">NEWS.AZ<\/a> | Any use of materials is allowed only if there is a hyperlink to News.Az. All rights are reserved. \t\t\t\t\t\t<\/p>\n<p><a href=\"https:\/\/news.google.com\/rss\/articles\/CBMigAFBVV95cUxNSVZFVUpxM2FOeGNnSmRBQkRldGUtRlZEMW94X3VWSi04MGg5QW5wS1pmSnBncnFTZHpENnlubjZPWHRkY3ZHWnk2VGFCU052ZnViVUd2MVowTEFxQWZNWGo1TG5vYXB0NkxUckpPWWFiOTBPYUNERmRuc0dIQTdlNA?oc=5\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Feels like: 11.8\u00b0C11.8\u00b0F | Partly cloudy National Oil Corporation (NOC) announced on Wednesday a new oil and gas discovery in the Ghadames Basin, located in the southwest of Libya. In a statement, the NOC said drilling operations reached a final depth of 8,440 feet, with production rates estimated at approximately 13 million cubic feet of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-7812","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-science"},"_links":{"self":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/7812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/comments?post=7812"}],"version-history":[{"count":0,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/7812\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media\/7813"}],"wp:attachment":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media?parent=7812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/categories?post=7812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/tags?post=7812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}